ANALYSIS OF THE EFFECT OF FOREIGN STOCK PRICE INDEX ON IDX COMPOSITE IN INDONESIA STOCK EXCHANGE
Keywords:
IHSG, DJIA, SSEC, STIAbstract
The purpose of this study is to analyze the effect of several indices foreign stocks and Indonesian indicators on capital market conditions Indonesia (JCI). Several foreign stock indices used in research These are the Dow Jones index, the Shanghai index (SSE), the Singapore index (STI), mtodelogy this research used multiple regression analysis and whose data were taken monthly from January 2018 to August 2020. The United States and Singapore indices have a significant effect on the JCIDow Jones stock index, index Shanghai shares, Straits Times index rates simultaneously Significant impact on JCI with an adjusted R2 value of 0.749.
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